Learn more

CACI International, Inc. (NYSE:CACI) shares are trading higher after the company announced it will acquire Azure Summit Technology for $1.275 billion in cash. Azure Summit is expected to enhance Department of Defense (DoD) capabilities through its advanced radio frequency (RF) technology and skilled engineering team specializing in the electromagnetic spectrum. Following the acquisition, CACI anticipates a tax benefit valued at $194 million over the next 15 years, resulting in an effective consideration of $1.08 billion. The deal is subject to regulatory approvals and customary conditions, wit…